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One way of defining Islamic economics is to qualify the term modern economics with Islam, viz. Islamic economics is … 'the study of economics in the light of Islamic principles', or 'bringing economics in consonance with the Shari'ah'. But … this would imply that the definition of the science of economics has a universal acceptability which it does not …
Persistent link: https://www.econbiz.de/10012926935
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The main objectives of this discussion paper are to demonstrate how Islamic economics as a science begins as well as to … explain why the distinction between positive and normative economics is unimportant in Islamic economics …
Persistent link: https://www.econbiz.de/10012927060
There is a huge number of definitions of Islamic Economics available in the literature. The vast majority take existing … Islamic Economics is a variant or a branch of conventional economics. We argue that something can be called “Islamic” only if … matter of Economics. This paper discusses ten dimensions of contrast, where our new definition suggests that the methodology …
Persistent link: https://www.econbiz.de/10013022462
This article examines how the politics of occupation in Iraq increased the likelihood of religious values shaping the future of the Iraqi state more than secular ideologies. The debate that surrounded drafting of the new Iraqi constitution demonstrated the prominent role religion will play in...
Persistent link: https://www.econbiz.de/10012985076
The existing literature on Islamic economics has not undergone any of the processes of verification or falsification … economics is either superfluous, or ambiguous or confusing. It does not help in transforming the Islamic economic teachings into … a social science. For developing Islamic economics as a social science, we must understand the primary sources in a …
Persistent link: https://www.econbiz.de/10012929747
Islam and economics, such as uṣūl al-fiqh, fiqh mu'amalat, econometrics, statistics, microeconomics and macroeconomics but …Purpose The purpose of this paper is to discuss the methodology of integrated knowledge in Islamic economics and … approach to studying the modern problems and challenges, as well as for finding solutions in the fields of Islamic economics …
Persistent link: https://www.econbiz.de/10012287049
Any economic paradigm is in some way based on a certain value premise. The Islamic one considers that the main actor, the individual, does not have as a goal the maximising of the output that needs to be realized, in the shape of the wealth or of the individual consuming. The individual is not...
Persistent link: https://www.econbiz.de/10014197275
Although 9/11 is not a paradigmatic shift in the sense described by Thomas S. Kuhn, as "scientific revolution", the re-conceptualization of international and regional issues, it has introduced, sounds as a new vision concerning these issues. It has not only upset the old conceptions of...
Persistent link: https://www.econbiz.de/10014053962
Islamic economics and finance is a nascent discipline. Since 1976 when the First Conference on Islamic Economics was … literature produced, conferences, workshops and seminars held, journals issued, and teaching of Islamic economics in various …, particularly, a text book, of Islamic economics which they could use for coaching purposes. The present book is a welcome effort …
Persistent link: https://www.econbiz.de/10014114448